commented on The Looming 401K Disaster
@6, my wife is a university professor with a defined contribution plan. I, also, had a defined contribution plan as a corporate drudge. Because we can both do math, we have always contributed the maximum allowable to those plans to get the maximum employer match. I am 65 and retired, she has 6 more years of work before retirement. Our current net worth, almost entirely in IRAs, is >$2M. The income from that plus our combined Social Security income of ~$50K will be comfortable.
Defined contribution works if people make the necessary contributions.
Nov 27, 2012
commented on Carbon Monoxide Detectors: What Do You Think?
My CO detector plugs into an outlet and had battery back-up so I don't have to change then very often. NOTE! carbon monoxide is heavier than air so CO detectors should be located close to the floor. A CO detector on the ceiling or high on a wall is next to useless.